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APPLICATION OF eKYC IN ECONOMIC AND FINANCIAL FIELDS

Let’s explore the applications of eKYC in various economic and financial sectors with AI Power:

  1. Banking and Finance

This is a pioneering field in applying eKYC technology to verify customer information when opening accounts, applying for credit cards, and registering digital banking services for transactions.

  1. Insurance

Supports customers in enrolling in insurance and managing insurance contracts, verifying customer information when making insurance claims.

  1. E-commerce

Assists customers in registering accounts for using various services, enhancing the security and safety of customer accounts.

  1. Public Services

The electronic identification system helps the government manage the national population database effectively. Every citizen can manage, check, and update their residence information using the government’s electronic identification app after completing account verification based on eKYC technology.

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Source: Admin compilation